Is alt season happening in the US stock market? SUI and BNB coins listed with a single-day pump of 700%, investors include CZ's family office and Taiwanese venture capital.

After the success of Bitcoin asset reserve company MicroStrategy, the largest altcoin ETH has also begun to follow suit. Now this effect has extended to other alts, with BNB, SOL, SUI, HBAR, ENA and other alts all listing through this channel. The financing amount is 1.25 billion, and the BNB backed by the CZ family office, MicroStrategy ( NASDAQ: VAPE), has seen a single-day pump of over 700% after the news was made public.

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Sui asset reserve company, investors include Taiwanese venture capital.

Mill City Ventures ( announced on NASDAQ: MCVT) that it has recently raised approximately $450 million in private funding, which will be used to establish Sui asset reserves. The transaction is scheduled to be completed by the end of this month, led by the London-based hedge fund and blockchain venture capital Karatage, with other investors including Big Brain Holdings, Galaxy Digital, Pantera Capital, Electric Capital, GSR, Selini, Protagonist, ParaFi Capital, Borderless, dao5, and the Taiwanese venture capital firm Comma3 Ventures.

98% of the private placement net proceeds will be used to purchase SUI, while 2% will be used to support the company's short-term loans. After the completion of this transaction, Karatage co-founder Marius Barnett will serve as the chairman of the board, another co-founder Stephen Mackintosh will serve as the chief investment officer, and Dana Wagner, a board member of Coinbase Custody Trust Company, will serve as an independent director. It is worth noting that Karatage has previously invested in agreements on Sui, including Walrus and Suilend.

Hedera public chain also plays with asset reserves

In addition, the Canadian listed company Immutable Holdings (, with the code HOLD), also announced that it holds 48 million HBAR (, the native token of the Hedera network ). The company stated that it will continue to increase its holdings as needed, focusing primarily on the Hedera ecosystem. Although many users are unfamiliar with it, Hedera is actually a top 16 token by market capitalization and is an established public chain that has gone through more than one cycle. Jordan Fried, the chairman of Immutable Holdings, is a member of the Hedera founding team, responsible for international business development.

The company stated that HBAR is a high-quality digital asset with long-term potential, characterized by enterprise-grade performance, low transaction costs, low carbon operations, and widespread applications in both enterprise and public sectors, as well as Hedera's predictable fee structure, stable throughput, and decentralized governance model.

Led by CZ's family office, BNB micro-strategy fundraising looks to reach $1.25 billion.

The biggest news is that the former Chinese billionaire and founder of Binance, Zhao Changpeng's family office YZi Labs announced support for CEA Industries ( Nasdaq: VAPE) to conduct a $500 million private placement, and if all stock options in the transaction are exercised, the total amount is expected to reach $1.25 billion. It is reported that the transaction is divided into common stock PIPE: $500 million ( 4 billion in cash and $100 million in cryptocurrency ). With the warrants included, the total cash could reach $750 million.

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This investment lineup includes YZi Labs, Pantera Capital, Arche Capital, GSR, Borderless, Arrington Capital, Blockchain.com, Hypersphere Capital, Kenetic, dao5, Protocol Ventures, Reciprocal Ventures, G-20 Group, Three Point Capital, Propel Horizon, Exinity, Winone, Nano Labs, and the new CEO is David Namdar, co-founder of Galaxy Digital and senior partner at 10X Capital.

Before the deadline, the price of VAPE rose to $72.46, with a daily increase of up to 716%. Although many alts are listed following a micro-strategy model and are being hyped up vividly, the author would like to quote KOL 米線 Iris's earlier statement: even if there is QE, it does not mean that people's interest in junk assets will increase. Applying this to the current situation, just because a junk asset is made into an asset reserve and listed, it does not mean that people's interest in it will increase.

Does the altcoin season occur in the US stock market? SUI and BNB coins listed with a single-day pump of 700%, with investors including CZ's family office and Taiwanese venture capital, first appeared in Chain News ABMedia.